The System of Accounting in Which There Are at Least

question 129

Multiple Choice

The system of accounting in which there are at least two accounts affected in every transaction so that the accounting equation stays in balance is a(n)

• A)double-entry system.
• B)debit.
• C)credit.
• D)journalizing.

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Definitions:

Balanced Scorecard

A strategy performance management tool that tracks financial and non-financial measures to give a balanced view of organizational performance.

Strategic Performance Measurement System

A framework that companies use to monitor and manage their strategies by measuring performance using financial and non-financial metrics.

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor performance against strategic goals.

Lean Management System

A systematic approach for eliminating waste within a manufacturing system without sacrificing productivity.